Skip Loans
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Skip Loans Pty Ltd, trading as Skip and formerly as Sucasa, is an Australian non-bank mortgage lender based in North Sydney, New South Wales. It provides residential mortgages, including higher loan-to-value ratio products that allow eligible borrowers to purchase property with relatively small deposits.[1][2] It operated under the Sucasa name until February 2026, when it rebranded as Skip.[3][4]
History
Skip was established in 2022 by Mario Emmanuel, Marian Emmanuel and Adam Trouncer.[1] It entered the low-deposit mortgage market with residential loans at comparatively high loan-to-value ratios.[1] In April 2024, operating as Sucasa, it introduced a loan allowing eligible borrowers to purchase property with a deposit as low as 2 per cent.[5] Its investors have included Daniel Petre, Zigg Capital and 1984 Ventures.[1]
In April 2025, Sucasa appointed Paul Coloe as head of credit and underwriting and David Ewens as head of distribution, and launched a portal for mortgage brokers.[6][7] By early 2026, broker-originated loans accounted for about three-quarters of its new business.[8]
Rebranding as Skip
In January 2026, the Australian Financial Review profiled Sucasa in the context of changes to Australia's low-deposit mortgage market following the expansion of the federal government's 5 per cent deposit scheme.[8]
Sucasa rebranded as Skip in February 2026.[3][4] Around 70 per cent of its borrowers at the time were reported to be former home owners rather than first-home buyers.[9]
Distribution
Skip expanded its broker distribution during 2026. It integrated its products with the Quickli platform in February,[5] joined the outsource Financial lender panel in March,[10][11] and moved broker loan lodgement to NextGen's ApplyOnline platform in May.[12][13][14]
In June 2026, Connective launched a white-label low-deposit mortgage product with Skip.[15] The following month, Loan Market Group added a Skip white-label product to its lending portfolio.[16]
In September 2026, Mortgage Choice partnered with Skip to launch the nationally available white-label product Mortgage Choice Skip, offering owner-occupier and investment loans at loan-to-value ratios of up to 98 per cent.[17]
Products
Skip provides residential mortgage loans, including higher loan-to-value products for borrowers using relatively small deposits.[1][2] Mortgage Professional Australia has described its lending model as using a risk fee in place of lenders mortgage insurance.[2] Loans are distributed directly and through broker and aggregator networks.[8]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 Moullakis, Joyce (27 October 2024). "Sucasa in low-deposit mortgage push". The Australian. Retrieved 12 November 2026.
- ↑ 2.0 2.1 2.2 "Are Sucasa's low-rate home loans too good to be true?". Mortgage Professional Australia. 2025-04-18. Retrieved 2026-11-12.
- ↑ 3.0 3.1 "Sucasa rebrands to Skip". Australian Broker. 2026-02-17. Retrieved 2026-11-12.
- ↑ 4.0 4.1 "Sucasa rebrands amid strong uptake for low-deposit loans". Mortgage Professional Australia. 2026-02-17. Retrieved 2026-11-12.
- ↑ 5.0 5.1 Barnes, Julian; Barnes, Julian (2026-02-18). "Low-deposit loan data flags untapped market". www.brokerdaily.au. Retrieved 2026-11-12.
- ↑ "Sucasa boosts team and launches broker portal to enhance mortgage solutions". Australian Broker. 2025-04-11. Retrieved 2026-11-12.
- ↑ Campbell, Jack; Campbell, Jack (2025-04-11). "Sucasa expands into broker channel". www.brokerdaily.au. Retrieved 2026-11-12.
- ↑ 8.0 8.1 8.2 EyersSenior, James (2026-01-07). "Former UBS bankers plug a gap in the low deposit mortgage market". Australian Financial Review. Retrieved 2026-11-12.
- ↑ Tchetchenian, Charlie (2026-02-17). "Skip targets 'second chance' owners with rebrand". www.theadviser.com.au. Retrieved 2026-11-12.
- ↑ "Skip secures spot on outsource Financial panel". Mortgage Professional Australia. 2026-03-17. Retrieved 2026-11-12.
- ↑ Tchetchenian, Charlie (2026-03-18). "Skip joins outsource panel to tackle 'forgotten' deposit gap buyers". www.theadviser.com.au. Retrieved 2026-11-12.
- ↑ Barnes, Julian; Barnes, Julian (2026-05-29). "Skip partners with NextGen as broker push gathers pace". www.brokerdaily.au. Retrieved 2026-11-12.
- ↑ "Skip joins ApplyOnline as lender doubles down on broker growth". Australian Broker. 2026-05-28. Retrieved 2026-11-12.
- ↑ "Skip expands broker reach with NextGen integration". Mortgage Professional Australia. 2026-05-29. Retrieved 2026-11-12.
- ↑ Barnes, Julian; Barnes, Julian (2026-06-02). "Connective launches 2% deposit home loan with Skip". www.brokerdaily.au. Retrieved 2026-11-12.
- ↑ "LMG announces major white-label expansion". Mortgage Professional Australia. 2026-06-30. Retrieved 2026-11-12.
- ↑ "Mortgage Choice teams up with non-bank lender Skip". Australian Broker. 2026-09-09. Retrieved 2026-11-12.
External links
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